Printed from http://www.electronista.com

Videocon interested in Motorola's handset business

updated 04:55 pm EDT, Sat April 5, 2008

Videocon wants Moto phones

As Motorola announces its desire to spin off its handset and broadband business as independent public companies, Videocon Industries is first to throw its hat into the ring, filing an expression of interest document for the former of the two departments. According to DeepikaGlobal, there will be a delay in the decision, however, since the acquisition process is required to be cleared by the regulatory body. Videocon chairman and managing director V. N. Dhoot told reporters of its intents.

"We have submitted the EoI for the Motorola's handset business, and that will take some time because of regulatory clearance in the United States," said Dhoot.

In the past year, Motorola is facing increased pressure from rival handset manufacturers, having lost its coveted second-tier position next to worldwide leader Nokia, which has since been filled by Samsung. The loss of sales is also responsible for the company cutting 10,000 jobs from its workforce, with several unannounced practices to take place as part of the company trimming $500 million from its yearly spending.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News